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A Life Estate gift allows donors to continue to live in a home or vacation home for life and enjoy a current income-tax deduction. When they pass away, the Philadelphia Foundation will sell the property and use the proceeds to support the charitable purposes you care about most.

How a Life Estate Works

The donor notifies the Philadelphia Foundation of their intent to make a life estate gift
The Philadelphia Foundation assesses the house for compliance with our gift acceptance policies and gathers appropriate documentation
Once agreement is signed, the donor can deduct full market value and avoid capital gains tax
The donor lives in the home or vacation home for life
Upon the donor’s death, the Philadelphia Foundation sells the home and uses the proceeds to set up a fund for causes that matter to the donor

Learn How to Activate Your Giving Today

Learn How to Activate Your Giving Today
To learn more about the Philadelphia Foundation, call us at (215) 563-6417 or email us.